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lukranit
2 months ago
9

Anna is separated from her​ boyfriend, John, while she studies economics and he goes to art school. Even though she wants to cal

l​ John, Anna is very rational. She realizes that the more she spends on her phone​ bill, the less money she has left to purchase other goods and services. Anna's demand schedule for phone call to John is given in the table below.
Price (per month) Quantity (Calls per month)
$18 20
14 24
10 28
6 32
2 36

Required:
Using the multipoint curve drawing tool, draw Anna's demand curve for phone calls given the demand schedule above. Properly label your curve.

Business
1 answer:
harina [3.8K]2 months ago
8 0

Answer:

Please refer to the attached image for a depiction of Anna's demand curve.

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A software engineer believes that if she can complete her current project on time she will get her much awaited promotion to the
harina [3808]

Options:

very high, given both expectancy and valence levels are elevated

moderately high, since high valence and instrumentality compensate for low expectancy

moderate, as high expectancy and valence levels counteract low instrumentality

low, since motivation requires high expectancy, instrumentality, and valence.

Answer:

low, since motivation hinges on high expectancy, instrumentality, and valence.

Explanation:

The expectancy theory of motivation posits that an individual will be driven to perform if they perceive their efforts will yield a positive reaction from their employer or result in satisfactory compensation. An employee who doubts their ability to meet the demands for a promotion will have a diminished level of motivation.

7 0
2 months ago
What is the best loan option for a neighborhood Lemonade stand? Why?​
Free_Kalibri [3773]

A short term loan is the most suitable financing choice for a neighborhood Lemonade stand as it qualifies as a small business.

Explanation:

This type of loan is designed to meet the capital requirements of small enterprises. Typically, these loans are to be repaid within a year. The interest paid on short-term loans tends to be lower in comparison to long-term loans.

Banks readily provide these loans as they promote small business initiatives. In the case of short term loans, the risk is generally minimal, and the profit can be substantial if the business is successful. Therefore, for a small venture like a lemonade stand, a short-term loan represents the most advantageous borrowing solution.

3 0
1 month ago
A production line engineer, Shane, checks every chip for quality control (QC). His workers find errors approximately every 150 c
Mariulka [3825]

Answer:

The query lacks completeness:

The production line yields 100,000 chips annually.

All chips are sold.

The production cost for each chip is roughly $9.00.

Testing each chip incurs about $4.00.

Repairing a chip, including labor and materials, is around $2.00.

This repair expense covers the re-testing.

Post-testing profit for each chip is $0.25.

Shane manages a team of fifteen full-time employees.

Under Shane's oversight, there are also two part-time workers.

The manager overseeing Shane has been with the organization for nearly 7 years.

Shane has maintained a good rapport with Rob, his manager, for several years.

The inquiries are as follows:

1. What percentage of the chips might be defective if Xanthum, Inc. orders 15,000 chips from Shane's line?

  • There is one defect in every 150 chips, so the percentage of defective chips = (1 / 150) x 100 = 0.667%.
  • Thus, for an order of 15,000 chips from Xanthum, approximately 100 will likely be flawed.

2. Is this failure rate acceptable? Considering it from Xanthum’s point of view? And from the manufacturer’s perspective? Why or why not?

  • From Xanthum's viewpoint, no level of defects is acceptable. I would return the defective chips and most likely cease future purchases. If the chips are used in further manufacturing, any defective ones could harm the product's reputation and lead to financial losses.
  • From the manufacturer's angle, this rate is tolerable since 99.333% of the chips are fine. The real issue isn't the minuscule failure rate, but rather the lack of action taken regarding it.

3. Considering Shane's line produces 100,000 chips each year, what are the costs for:

a) Testing and repairing each chip?

  • Testing all chips will cost 100,000 x $4 = $400,000.
  • Repair expenses = (100,000 x 0.667%) x $2 = $1,333.33.

b) Testing all chips and discarding the defective ones?

  • Testing all chips will cost 100,000 x $4 = $400,000.
  • Costs due to discarded chips = 667 chips x ($9 + $4) = $8,671.

c) Testing no chips and replacing customers’ chips as required?

  • If no chips are tested, the testing expense is $0.
  • The number of defective chips returned could be from 0 to 667. If 0 are returned, the replacement cost is $0. When 667 chips are returned, the replacement costs come to (667 x $9) + lost profit from the replaced chips = $6,003 + [667 x ($4 + $2 + $0.25)] = $6,003 + $4,168.75 = $10,171.75 plus any additional costs for replacements.

4. Is Rob’s assessment reasonable? What about his claim that it saves money to not discard defective chips?

  • Since the expense of replacing flawed chips is significantly less than repairing and testing them, Rob is justified in saying that not repairing leads to greater profits. However, he fails to account for how selling faulty chips impacts the company’s sales. As mentioned in question 2, if I were a client, I would no longer buy chips from Rob’s company due to their defects. The costs associated with defective products can lead to lawsuits and damage the brand’s reputation. Rob is focusing on production costs without considering other potential repercussions. For instance, if Xanthum produces medical equipment using faulty chips that result in failures, they could be sued by clients, and Rob’s company would face similar legal challenges.
5 0
2 months ago
What is the most likely result of inflation?
marusya05 [3725]

Answer and explanation:

Inflation refers to the rise in prices of goods and services over time. During such conditions, consumers experience a decline in purchasing power. Typically, in inflationary contexts, the government intervenes as a market regulator, increasing interest rates to counteract this economic phenomenon.

The most probable outcome of inflation is a rise in general prices in the market, but it can also lead to decreased investments and heightened unemployment.

5 0
1 month ago
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